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After Yesterday's Rally of 2.04% Shares Could Potentially Pullback

By Amy Schwartz

WellCare Health Plans (NYSE:WCG) traded in a range yesterday that spanned from a low of $94.99 to a high of $98.17. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $95.87 on volume of 235,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, WellCare Health Plans has traded in a range of $69.16 to $98.79 and is now at $97.62, 41% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for WellCare Health Plans and will alert subscribers who have WCG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders wellcare health plans

Ticker(s): WCG